OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides an Update on Acquisition Progress and its Annual Shareholder's Meeting
January 20 2022 - 10:55AM
InvestorsHub NewsWire
NEW YORK, NY -- January 20, 2022 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. The company completed 4 acquisitions in 2021,
including its first US acquisition of Tennessee based Bull Head
Products. Prior to its first Annual Shareholder’s Meeting on the
28thof January, ILUS is aiming to complete several
further acquisitions which the company has already reached
pre-contract agreement on. The company also confirmed today that it
is going to proceed with an in-person Annual Shareholder’s Meeting
in Las Vegas and offer online access to the meeting for those who
are not attending it in person.
Having previously agreed and signed the pre-contract agreements
for three US acquisitions, ILUS completed the first of these US
acquisitions at the end of 2021 when it took over Bull Head
Products. ILUS Shareholders can expect the company to complete at
least one more of its previously agreed US acquisitions within
days, with the third following soon after, delivering on the
company’s strategy of acquiring the necessary manufacturing and
distribution capability for a successful expansion in the US
market. Together, the previously agreed US acquisitions which ILUS
is in the process of completing are currently delivering
approximately $12 million in profitable annual revenue.
In line with the company’s strategy of acquiring disruptive
technology advancement companies which possess the ability to
achieve extraordinarily high valuations and transform the public
safety sector, ILUS is in the final stages of two very exciting
technology company acquisitions which it is aiming to complete
before its Annual Shareholder’s Meeting.
Firstly, ILUS will be entering the $500 billion Metaverse market
through the upcoming acquisition of an invaluable public safety
Virtual (VR) and Augmented Reality (AR) training software company.
ILUS has agreed the acquisition of the company which develops and
delivers VR and AR training solutions for public safety, including
fire safety, emergency response, community safety, security, and
corporate onboarding. The agreed acquisition already has seven
training modules and twenty-two tutorials with a further thirty
modules in development. It also has existing customers in seven
countries. As a company that began its life through the development
of disruptive firefighting technology, ILUS is excited to continue
this trend by now becoming the first company to offer fire safety
training in the Metaverse.
Secondly, ILUS has agreed the acquisition of a pioneering
Unmanned Aerial Vehicle (UAV) company which is based in Germany.
The company has developed and manufactures UAVs or Industrial
Drones which are a world first in that they deliver the unmanned
capability of light helicopters. The company’s revolutionary UAVs
are developed for the rescue and logistic sectors, given that they
can carry up to 1000 kg/2204 lbs with a flight time of up to 2
hours. The company has already successfully developed prototypes,
is currently undergoing a proof of concept for a project with an
international aid organisation and has obtained serious interest
from several international aviation companies. Competitors of the
upcoming acquisition which do not yet have products in production
have achieved valuations of over $1.2 billion.
ILUS confirms that its Annual Shareholder’s Meeting on Friday
the 28thof January 2022 will take place both in-person
and online. Given the difficulties of confirming travel under the
current circumstances, ILUS chose to give its Shareholders as much
time as possible to confirm their attendance. The company has also
been working with the venue to ensure that the event can take place
safely and effectively for all in attendance. Now that numbers are
finally confirmed, ILUS will soon email the venue details and
agenda to all confirmed attendees. The company will also send out a
notification via Twitter requesting confirmation from those who
wish to attend the online format of the event. Confirmed online
attendees will receive login details for the event in advance.
ILUS Managing Director, John-Paul Backwell, commented: “The work
going on behind the scenes is phenomenal and the results are beyond
exciting for the future of ILUS. We are delivering on the strategy
which we have been communicating to our Shareholders for some time
now. The US strategy is coming together nicely and the valuation of
these ‘tech’ acquisitions that we are busy with will be
mind-blowing. In terms of the bigger picture, they will put us on
track to deliver even more than we had originally planned for this
year. We are looking forward to announcing further details on this
and more in the coming days and weeks.”
For further information on the companies, please see their
communication channels:
Website:https://ilus-group.com
Twitter: OTC_ILUS
Contact:
Email:IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers
sessions, public conference calls and webcastsalso may take
time from time to time. We use these channels as well as social
media to communicate with the public about our company, our
services, and other issues. It is possible that the information we
post on social media could be deemed to be material information.
Therefore, considering the SEC's guidance, we encourage investors,
the media, and others interested in our company to review the
information we post on the following social &media
channels:
website:https://ilus-group.com Twitter:
OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC: ILUS.
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